Domestic Corn Price to Remain Weak

By CnAgri2013-12-27 14:49:38 Print Corn：On Dec. 25th, 2013, the average wholesale price of feed corn in main production areas is RMB2,338Yuan/MT, down 0.85% compared with last week. According to statistics from government departments, China has rejected 725,000 MT American corn by Dec. 19th since they contained MIR62 GMO ingredient. In Nov. 2013, however, corn imports registered 797,900MT, up 1953% from October and registered 2.443 million MT in Jan.-Nov., 2013, down 51% on year-on-year basis. Lack of favorable news, domestic corn market is predicted to remain weak in short terms.  (Table 1)



From “China Livestock and Feed Market Weekly Report”